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gerri: is the writing on the rall for the fiscal cliff gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard about this telephone call between speaker boehner and the president. you think anything will come of that? >> the president has been very clear. he is hell-bent to raise taxes massively on those very wealthy folks made making over $250,000. bearer 80% of small businesses, in and exactly the time when we are depending on them to create two thirds of the new jobs in our country desperately needs. gerri: the republicans are in the way of a settlement. i want to hear what he said today. here is the president. >> we can probably solve this in a week. it is not that tough. but we need that conceptual br
gerri: is the writing on the rall for the fiscal cliff gerri: we are dangling over the fiscal cliff. but washington is at a standstill. although the president is refusing to sit down with republicans, he did talk to speaker john boehner this afternoon, and the white house is talking to federal agencies, warning them to get ready to go over the cliff. with more on this, congressman tom mcclintock of california. a member of the budget committee. if you for joining us today. you know, we heard...
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Nov 29, 2012
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washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that theu.n. ambassador decided to play what was essentially a political role. lou: israel, gaza, egypt, and ron, american foreign policy. will we ever get the facts on what happened in benghazi? we are joined next. want to try to crack it? yeah, that's the w to do it! now we need a little bit more... [ male announcer ] at humana, we understand t value of quality time and personal attention. which is why we are proud to partner with health care pressionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male aouncer ] humana thanks the physicians, nurses, hospitals, pha
washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that theu.n. ambassador decided to play what was essentially a...
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Nov 29, 2012
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washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role. lou: israel, gaza, egypt, and ron, american foreign policy. will we ever get the facts on what happened in benghazi? we are joined next. ♪ lou: the white house today said president obama is not particularly concerned whether susan rice misled americans on the attack. press secretary fired back when asked whether the president recognizes the way information about benghazi has been handled and whether that raises serious questions. >> not particularly concerned about whether the ambassador or i went out and talk about the fact we believe extremists might have bee
washington is struggling with the fiscal cliff or at least say they are. teamsters president says no deal is fine by him. we will show you why hoffa and some of his union buddies are ready to go over the cliff. susan rice apology to or on capitol hill goes on. another day of meetings with senators and more unanswered questions. >> i still have many questions that remain unanswered. i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a...
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Dec 6, 2012
12/12
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we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the horizon. they need certainty and they need positive certainty that whatever happens on the fiscal cliff is not going to impact them in a very negative way. >> what if it is a bad deal though? we talked about one disproportionately skewed in higher taxes. sometimes i think and i could be out to lunch on this that a bad deal would be worse than a no deal. >> see, i tend to agree with you. when you talk about certainty there is also as you just pointed out bad certainty. you don't want to have that. and when some folks in washington are talking about raising indi
we have been talking about the fiscal cliff now for months. we had a budget melt down a year and a half ago when the debt ceiling debate came. we talked about many times the uncertainty that faces manufacturers. you can't make investment decisions on long-term capital expenses for that will be paid off over years if you don't know what the government is going to be taken from you from taxes or higher energy costs. manufacturers are really trying to figure out what is next? what is on the...
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is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ site it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. ♪ gerri: big changes coming to tech giant ibm that may change the way you save for retirement. i'll break it down in 60 seconds. ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time, the company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business
is the season for giving, but don't let washington fiscal cliff talks cloud your judgment for finding the best cherries for your dope. our experts shares tips on what you need to know. we are on the case next on "the willis report". ♪ site it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider...
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, debates on the fiscal cliff continue, corporate america accelerating dividend payments to help investors avoid higher taxes next year. is it really as altruistic as it seems? what say you, john? >> i think it's great. i think that these things are going to be taxed. makes sense to get the value out to the shareholders before it is taken away. >> i thought it was very interesting that robert frank said earlier today something like 27 of the companies that paid this heavily dominated by insiders that would tell you what's driving these decisions. don't want to bet the ranch, the lower tax gains on that sale, money off the table. i think it is bare board shareholders. >> bad for shareholders, why? >> not bad for shareholders, if you are swooping into a stock to get the. >> president obama considering the "vogue" editor to be his next ambassador to france or the uk. one of the president's biggest fund raisers. anna win tour, the devil wears prada? the devil wears burberry here. >> i think this is a terrible idea. she had one of the most epic falling outs in a magazine with her vogue paris ed
, debates on the fiscal cliff continue, corporate america accelerating dividend payments to help investors avoid higher taxes next year. is it really as altruistic as it seems? what say you, john? >> i think it's great. i think that these things are going to be taxed. makes sense to get the value out to the shareholders before it is taken away. >> i thought it was very interesting that robert frank said earlier today something like 27 of the companies that paid this heavily...
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Nov 29, 2012
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you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult leadership. the white house does have to get serious on spending cuts and entitlement reform. the republicans are trying to shift the discussion in this debate over to the spending that side. the entitlement reform side. the president hammering them on the tax side of it. especially spending, extending the bush tax cuts for the middle class. connell: are you noticing a difference? is that the way it is shaping up today that the democrats are more optimistic than the republicans because republicans do not think they are getting what they are wanting? >> i watch these press conferences and publii events and s
you can see how nervous investors are with the progress or lack thereof on the fiscal cliff in washington. connell: peter barnes has been covering it all from capitol hill. the attorney said i am here trying to resolve this. it is serious business. he would hope the white house would get serious as well. peter: no substantive progress in the last couple weeks in the discussions with the white house and then kind of taking a slap your at the president. he said this is a moment for adult...
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some wild statements today about how far apart or close we are on the fiscal cliff. it's another day of fiscal cliff turns on wall street. >> yes, it is. welcome back. i'm bill griffeth. we're going to get to those wild statements out of washington in a minute. you can see when they happen when we show you today's chart. speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also trading higher today. last i checked, it was up 21 points. there it is at 3,013. that's about the high for the session. the s&p is up about seven points at 1416. >> a bit of a roller coaster ride today after fiscal cliff comments from both parties. >> eamon javers on capitol hill is following the drama, which changes moment by moment. >> absolutely, bill. it's been a bit of a roller coaster ride, as you say, on capitol hill with duelling press conferences today. follow along with me here on what each person said from each party and how that impacted the market, starting with speaker
some wild statements today about how far apart or close we are on the fiscal cliff. it's another day of fiscal cliff turns on wall street. >> yes, it is. welcome back. i'm bill griffeth. we're going to get to those wild statements out of washington in a minute. you can see when they happen when we show you today's chart. speaker boehner's comments pushed the market lower. then other comments brought them back a little bit. the dow is up just 45 points right now at 13,030. the nasdaq also...
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eamon javers joins us with the latest on the fiscal cliff negotiations in washington. eamon. >> and this is a big one, melissa. "the wall street journal" reporting just within the past few seconds here that according to republican congress aides who have talked to the wall street journal, they say they've obtained a copy of the white house's proffer here in the fiscal cliff negotiations. this is the proffer that apparently treasury secretary tim geithner was talking to republican leaders about today. wall street journal citing a number of specifics from this proposal. let me walk you through them and lay out the implications starting with what aides describe as the white house wanting $1.6 trillion in tax increases up front as part of any new deal. the white house wanting to continue the payroll tax credit or similar policy. the white house saying that it wants a permanent increase in the debt limit and pushing a one-year extension of jobless benefits plans. this one will be the kicker, i think, to any deal that might or might not get hashed out on capitol hill. "the w
eamon javers joins us with the latest on the fiscal cliff negotiations in washington. eamon. >> and this is a big one, melissa. "the wall street journal" reporting just within the past few seconds here that according to republican congress aides who have talked to the wall street journal, they say they've obtained a copy of the white house's proffer here in the fiscal cliff negotiations. this is the proffer that apparently treasury secretary tim geithner was talking to...
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energy company is moving forward on investments despite fiscal cliff concerns. we begin on our conversation, zeroing in on lawmakers' efforts in washington and whether he thinks they can work out a deal. >> i hope we can. there's greatty in the business community waiting for something to be done. there are big concerns about structural deficits going forward. there are concerns about tax increases that would be coming absent some sort of a deal on the fiscal cliff. >> the fiscal cliff has been the issue that has stopped or sort of made companies reluctant to push cash to work, to hire folks. is that stopping you, or are you moving forward regardless? >> actually, we've been moving forward with our investments. we're spending some $32 billion this year on energy projects around the world. i expect we'll spend even manufacture thmore than that next year. all we need is the opportunity to invest. we need to have access. we need permits, and we need a tax structure that supports what we do. there will be a tremendous opportunity to create jobs and government revenue
energy company is moving forward on investments despite fiscal cliff concerns. we begin on our conversation, zeroing in on lawmakers' efforts in washington and whether he thinks they can work out a deal. >> i hope we can. there's greatty in the business community waiting for something to be done. there are big concerns about structural deficits going forward. there are concerns about tax increases that would be coming absent some sort of a deal on the fiscal cliff. >> the fiscal...
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Nov 30, 2012
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and stephen sloan will talk about the fiscal cliff. washington journal is live starting at 7:00 eastern on c-span. >> president obama travels to pennsylvania friday to talk about his plan to avoid the so-called fiscal cliff. we'll be live from the manufacturing company at noon eastern an c-span2 3. >> worked his way up, went to harvard law school and then immigrated out west to illinois where the lead mine industry was in its hey day. he arrived after about a month's journey by shi ship, by stagecoach, by train and arrived on this steam boat in this muddy mining town boarded himself in a log cabin, established a law practice in a log cabin and worked his way up and became a successful lawyer. and got involved politically and ran for congress eight terms. and then befriended abraham lincoln from illinois. and then grant. and as they were on the rice, wash burn stayed with them as a close colleague during the civil war. and after grant was elected president he initially appointed him secretary of state. and at that time he became very il
and stephen sloan will talk about the fiscal cliff. washington journal is live starting at 7:00 eastern on c-span. >> president obama travels to pennsylvania friday to talk about his plan to avoid the so-called fiscal cliff. we'll be live from the manufacturing company at noon eastern an c-span2 3. >> worked his way up, went to harvard law school and then immigrated out west to illinois where the lead mine industry was in its hey day. he arrived after about a month's journey by shi...
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Dec 5, 2012
12/12
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right now, the fiscal cliff and the rights and the soul of the republican party. i'm wondering how you feel whether they resolve it before you come to town? i know you want to avert a crisis, but at the same time deep down do you wish you had a chance to be part that have particular vote? >> look, for the sake of our country, i hope this is resolved before i get there. you know, i've been talking to business owners throughout the corinth for months now. they want certainty predictability from our government. they realize that our taxes are going to be up a little bit. they know there is going to reform to social security and medicare, they want to know so they know how to plan for their companies. i hope it's resolved before i get there if not so be it, i see this as an opportunity for america to lead the way. china is slowing down. india is slowing down. europe is in a recession. south america is slowing down. we have an opportunity to lead out of this mess. i hope we take the lead. >> jennifer: everyone wants to prevent going over over the cliff you still will h
right now, the fiscal cliff and the rights and the soul of the republican party. i'm wondering how you feel whether they resolve it before you come to town? i know you want to avert a crisis, but at the same time deep down do you wish you had a chance to be part that have particular vote? >> look, for the sake of our country, i hope this is resolved before i get there. you know, i've been talking to business owners throughout the corinth for months now. they want certainty predictability...
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cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most places and with the holidays coming up. it said that the outlook for retail sales was mostly upbeat. shep? >> shepard: what's with the sirens? is the place on fire? >> no. there is escort going out here from the white house. >> you don't have much clout there. >> the vice president apparently is leaving. >> shepard: he might as well. what will the fed do with today's report? it has a meeting in a couple of weeks, you know. >> this was okay report. more importantly it was not strong enough for the fed to back off stimulus programs keeping interest race very low for a long time and into the economy. at its meeting next month it is expected to reaffirm those policies. continue them. shep? >> shepard: peter barnes there at the firehouse. peter, thanks. president oba
cliff in washington. that concern might be showing up in the manufacturing sector. the feds said that in some places around the country, manufacturing was slowing down and actually contracting outright. but it said that hiring was up modestly most places and with the holidays coming up. it said that the outlook for retail sales was mostly upbeat. shep? >> shepard: what's with the sirens? is the place on fire? >> no. there is escort going out here from the white house. >> you...
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. >> for more information about the fiscal clef, visit our web site c-span.org. >> friday on washington and now,norman ornsteein.. tax credits on family and businesses that would be impacted if congress does not impact the fiscal cliff. >> the program began, one of the and as as to president franklin roosevelt, to document conditions under which people were living. this is when we did talk have television. have of places didn't electricity said they couldn't listen to the radio broadcasts to find out what was happening and a parts of the country. he was the head of this project. 1939 when kodak had a color film, he had his photographers tried out. kodak was trying to estimate was a new market, a new product, and they wanted people who knew how to use it effectively to try it out and publicize it. >> american artifacts, sunday at 7:00 p.m. eastern on american history tv. >> harry reid end of the democratic leaders briefed reporters on negotiations on the fiscal cliff compromise. lawmakers have until december to negotiate a deal that would avert the tax decreases that would affect in janu
. >> for more information about the fiscal clef, visit our web site c-span.org. >> friday on washington and now,norman ornsteein.. tax credits on family and businesses that would be impacted if congress does not impact the fiscal cliff. >> the program began, one of the and as as to president franklin roosevelt, to document conditions under which people were living. this is when we did talk have television. have of places didn't electricity said they couldn't listen to the...
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emanuel, what happens if we don't have an agreement in washington and we go off the fiscal cliff? what happens to medicare? what happens to the beneficiaries? >> well, we're going to have a very big whack at the system. the important point is it's not going to be strategic. that's not a very good thing. it's not just medicare beneficiaries. in the sequestration, lots of other programs get hit. so you've got to be very careful, here, plus the republicans constantly say we don't want to become like greece. what's driving off the fiscal cliff look like? it makes us look completely irresponsible as if we can't control our own spending and put in order some priorities. >> so some health care will be suffering? >> that's absolutely true. we want to incentive doctors ask hospitals to keep people well. not to just do procedures. and that's the key to really transforming medicare. >> i want to show you a map of the states that are refusing to implement the insurance exchanges. it's rather interesting. the other states are either implementing the exchanges or haven't decided to do that. if
emanuel, what happens if we don't have an agreement in washington and we go off the fiscal cliff? what happens to medicare? what happens to the beneficiaries? >> well, we're going to have a very big whack at the system. the important point is it's not going to be strategic. that's not a very good thing. it's not just medicare beneficiaries. in the sequestration, lots of other programs get hit. so you've got to be very careful, here, plus the republicans constantly say we don't want to...
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the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few moments ago to button-hole senator harry reid here in the hallway, asking him a very specific question. i said did treasury secretary tim geithner come up here with a new specific offer for republicans? is that what he laid down on the table for speaker john boehner today? reid told me -- no, there was no specific offer here today from geithner to the republican side. he said that the president of the united states made the democrats' over two weeks ago and there's been no new specific offer since then. i think that explains
the fiscal cliff. this time it was house speaker boehner speaking with reporters after meeting with treasury secretary tim geithner. eamon javers is in washington with the latest. eamon, the sentiment down here is these guys should stop talking and start crafting a deal. >> reporter: that's the sentiment here in the hallways of capitol hill as well, sue. i can tell you that. we are starting to get a little more clarity on what's going on here today. i just had the chance just a few...
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. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put forward in the first place. this is really different. barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very embowdenned. he's put forth something -- it is clear they won't accept i
. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put...
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"the washington post" wrote, "obama offers plan for cliff, not compromise." "the new york times." "gop balks at white house plan on fiscal crisis." and "the wall street journal," obama's cliff offer spurned. i want to bring in joanne reed and molly ball, political reporter for "the atlantic." good to see both of you. good morning. >> good to be here. >> mitch mcconnell, we are told, literally laughed at the white house's offer. and if you listen to speaker boehner, it's not going very well. take a listen. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. but going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the pos
"the washington post" wrote, "obama offers plan for cliff, not compromise." "the new york times." "gop balks at white house plan on fiscal crisis." and "the wall street journal," obama's cliff offer spurned. i want to bring in joanne reed and molly ball, political reporter for "the atlantic." good to see both of you. good morning. >> good to be here. >> mitch mcconnell, we are told, literally laughed at the white house's...
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washington insiders tackle fiscal cliff policy solutions. the group will hold a roundtable discussion today on the importance of reform to address the nation's debt and deficit spending this event takes place this morning around 8:30 a.m. eastern time. go to our website for all our coverage of the fiscal cliff talks. we have a web site set up so you can follow along on our special page for these fiscal cliff talks. back to your phone calls. good morning, doris. caller: good morning. the plan that the republicans offered, this is just the romney-ryan plan that the american voters said no to. other than destroying our earned benefit, i do not call them entitlements because we worked hard and we earned them. there are no specifics. what loopholes will they close? of course, they are going to punish the poor and middle- class. their plan still gives another huge tax cut to the 1%. people need to look at what happened to this country between fdr and nixon. look at what happened with the conservative takeover from nixon until now. host: we are goi
washington insiders tackle fiscal cliff policy solutions. the group will hold a roundtable discussion today on the importance of reform to address the nation's debt and deficit spending this event takes place this morning around 8:30 a.m. eastern time. go to our website for all our coverage of the fiscal cliff talks. we have a web site set up so you can follow along on our special page for these fiscal cliff talks. back to your phone calls. good morning, doris. caller: good morning. the plan...
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Dec 1, 2012
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, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the whi
, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in...
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we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the thing that makes people upset, julie. all right, if you're going to increase my taxes to help pay down the debt, help people in need, that's one thing, but if i'm going to be paying for zombies or for santa to ride the $250,000 sleigh, i object. >> i'm a little embarrassed. can you imagine being an employee and having to pretended to be a zombie? >> those were actors. >> i don't know about that. [laughter] i think they may have been dhs employees dressed up. charles is right, thanksgiving a little ri -- this is a little ridiculous. i understand what they're trying to do, they're trying to get
we've got the debate about the fiscal cliff and the debt ceiling and we're talking in the trillions. before you can even get to the trillions, if you can't stop stuff like this, does the american public ever believe that washington is going to get its act together if you can't stop this 100,000 here, million there, all, of course, adds up to billions. if we can't stop the zombies, taxpayers paying for the zombies, how can we ever tackle medicare and social security? [laughter] megyn: that's the...
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Dec 4, 2012
12/12
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so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in over 80 years and are paying the lowest effective tax rate they paid in over a half a century. we also have a looming budget deficit. so you don't have to really be a rocket scientist to understand that the rich do have to pay more. taxes do have to be raised on the rich and i think that's why over 60% of the public in these polls are not only supportive of a tax increase on the rich, but also will blame the republicans if we go over the fiscal cliff. and this gives frankly, this gives the white house and this gives the obama administration much more bargaining leverage. >> grover norquist, here's the pr
so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share of total income and wealth in this country than they have in...
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Dec 5, 2012
12/12
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we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hi
we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >>...
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Nov 30, 2012
11/12
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host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill, -- basically a reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a to under $50 deduction -- $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions that congress has to make. host: we can go into debt but to highlight four --th let's start with the child tax credit. what is it? guest: this is a credit that applies to families, some that you can use if you make up to ,000.0 it is they $1,000 credit for each child. unless congress acts, that 10000 becomedit will $500, but becomes less
host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill, -- basically a reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a to under $50 deduction -- $250...
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Nov 30, 2012
11/12
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the fiscal cliff. when it looks like there is some movement made, when it looks like there's a deal that could be reached, you see the markets go up. when things look bleaker, the markets are going down. that's not the case today and has people wondering, okay, is this just posturing? is wall street getting used to the posturing and where do we go from here? personal income numbers were unchanged and consumer spending numbers down. that was worse than expected. these numbers were thrown off by sandy. at this point i think wall street is easing into friday. chris, back to you. >> maybe they're just happy it's friday, becky. >> reporter: i am. >>> well, it didn't take long for republicans to reject the president's proposed solution to the fiscal cliff crisis. now harry reid says it's the republicans turn to put out their own plan. with me now tennessee republican congresswoman diane black who is a member of both the budget and ways and means committees. congresswoman, thank you for joining me. we had som
the fiscal cliff. when it looks like there is some movement made, when it looks like there's a deal that could be reached, you see the markets go up. when things look bleaker, the markets are going down. that's not the case today and has people wondering, okay, is this just posturing? is wall street getting used to the posturing and where do we go from here? personal income numbers were unchanged and consumer spending numbers down. that was worse than expected. these numbers were thrown off by...
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Nov 30, 2012
11/12
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if we fall off the fiscal cliff, their taxes are going to go up. what could hurt more is less money in customers pockets. that could be worse than tax increases. a big question is how much our tax is going to go up for small businesses if we fall after the cliff. they have done analysis, if you are in the bottom making $20,000 a year as an individual or small business, your taxes go up 600 bucks. if you are in the top, $108,000 or more, taxes go up $13,000 a year. it depends on where you fall. >> if in washington they decide to raise taxes on the top earners, that would be the small businesses. >> absolutely. if it's 108,000 or more, it's a lot of those small businesses. >> i talked to a woman who made your exact point. my customer base is a problem now. we are headed into the holiday season and nobody wants to spend money because of the uncertainty. >> he's had four layoffs because he cannot budget. >> you look at the gdp report, companies spending money on equipment was down, down big. it's because you are not going to do anything. you don't know
if we fall off the fiscal cliff, their taxes are going to go up. what could hurt more is less money in customers pockets. that could be worse than tax increases. a big question is how much our tax is going to go up for small businesses if we fall after the cliff. they have done analysis, if you are in the bottom making $20,000 a year as an individual or small business, your taxes go up 600 bucks. if you are in the top, $108,000 or more, taxes go up $13,000 a year. it depends on where you fall....
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Nov 30, 2012
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host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill -- basically reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a $250 deduction. host: on their tax credits that specifically affect families? guest: some that have expired that are part of the fiscal cliff package. guest: some that have expired that are part of the fiscal cliff package. they get much less attention than the bush tax cuts. they are part of the packet of decisions that congress has to make. host: we can go into debt but to highlight four -- let's start with the child tax credit. what is it? guest: this is a credit that applies to families, some that you can use if you make up to $130,000. it is they $1,000 credit for each child. unless congress acts, tha
host: we are looking at various aspects at the so-called fiscal cliff. joining us for the discussion is steven sloan. he is with politico. could you define what a tax credit is and how that differs from a tax deduction? guest: credits and deductions are used to lower somebody's tax bill. if you have it $1,000 tax bill -- basically reduces taxable income, so it takes the taxable income off the top. if you have a $1,000 tax deduction, that is basically a $250 deduction. host: on their tax credits...
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Nov 29, 2012
11/12
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beyond the fiscal cliff. he's got lots of views. >> does he pull punches about bernanke? >> there's a couple comments i think we'll run in the 7:00 or 8:00 hour, he's diplomatic about it, but if you listen very carefully, i think you know where he stands on a lot of the stuff. he talks about the punch bowl and having to take around the punch bowl before -- >> the lead story in the journal -- >> the fed stimulus. we're back again. >> operation twist is supposed to be up january 1st. >> he's also got interesting theories on the volcker rule and banks still. so we'll be running some of that throughout the broadcast. >>> in corporate news, rio tinto plans to cut cost and sell more assets. and two audit firms are now being sued regarding the acquisition of hp. shareholder law side has named deloitte and kpm claiming they missed numerous red flags. board of directors also named. >> a magnetic lawsuit. you see the press release go out and someone has to boiler plate to say, okay, we're the accountants, we're the ban
beyond the fiscal cliff. he's got lots of views. >> does he pull punches about bernanke? >> there's a couple comments i think we'll run in the 7:00 or 8:00 hour, he's diplomatic about it, but if you listen very carefully, i think you know where he stands on a lot of the stuff. he talks about the punch bowl and having to take around the punch bowl before -- >> the lead story in the journal -- >> the fed stimulus. we're back again. >> operation twist is supposed to...
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Dec 6, 2012
12/12
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over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and dividend taxes going much higher. what will that do to the investor class, to the entrepreneurialism that we're seeing? what is the impact? >> well, it's amazing impact. short-term wise, people started to leave france. you heard about 75% tax on revenues above 1 million euros. it's not that many people, of course, but it's a signal sent to people. much more important than that, it's what has been announced and what will be implemented next year on dividends and capital gains. this is a signal to the young generation when it wi
over the fiscal cliff. let's not delay the thing. it needs efforts. let's make them short for a better future. i think we should be ready as a corporation, being ready for maybe a year of difficult market, difficult situation in the market because that is a ceiling on our growth in terms of economical growth as to be released. it's really me an investment for the future. >> you're seeing a similar situation in france where we're talking about the possibility of capital gains taxes and...
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Nov 29, 2012
11/12
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i think that's the way they'll continue doing it up to the edge of the deadline on the fiscal cliff. >> you get any sense as you talk to the folks making these comments that they even care what the stock market does as they're speaking? >> reporter: yes. they do care. they're very aware it's tanking on various words that they're speaking as they're at the podium. but you've got to remember it's -- people on wall street think that a crash on wall street, a couple hundred points down in the dow, is a horrific, horrible thing. people in washington sometimes, some people, view it as a tactical tool that they can use to bludgeon the other side into getting what they want. a fall in the dow is not necessarily a bad thing from some perspectives here in washington, scott. >> eamon, thanks so much. eamon javers on capitol hill. see the dow jones industrial -- in fact, all three of the major averages moved back into positive territory. i don't know if this is because reid also said, look, we're not going to kick the can down the road. maybe the market's taking that as a positive, joe. >> liste
i think that's the way they'll continue doing it up to the edge of the deadline on the fiscal cliff. >> you get any sense as you talk to the folks making these comments that they even care what the stock market does as they're speaking? >> reporter: yes. they do care. they're very aware it's tanking on various words that they're speaking as they're at the podium. but you've got to remember it's -- people on wall street think that a crash on wall street, a couple hundred points down...
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Nov 29, 2012
11/12
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cult, the fiscal cliff is the ng er difficult situation facing washington. and we just heard senator gndsey graham, a republican say the whiok, we've given a little bit. ho now we're waiting for the white ayed. to give a little bit on ectitlements is the game that's being played. what do whoa expect next? > we'll go back and forth. key thing to keep an eye on, is this tax rates going up. republicans, including lindsey graham, have talked about revenue. taxhe said i don't ever want to see tax rates go up. that's that's the key thing to watch. ortedjor reported, the president is saying tax rates must go up. we only way you're going to buy ans to get tans to get tax rates to go up would be to show some ewhere whereon somewhere where democrats would feel some pain thethat would be in the entitlement area. curity,sident doesn't want to ments social security and really republicansng to do something n ultimatws republicans to save ace in an ultimate deal where hey can say, look, this is what we got. we didn't just totally get rolled by the president. f front page o
cult, the fiscal cliff is the ng er difficult situation facing washington. and we just heard senator gndsey graham, a republican say the whiok, we've given a little bit. ho now we're waiting for the white ayed. to give a little bit on ectitlements is the game that's being played. what do whoa expect next? > we'll go back and forth. key thing to keep an eye on, is this tax rates going up. republicans, including lindsey graham, have talked about revenue. taxhe said i don't ever want to see tax...
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Dec 4, 2012
12/12
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if we go over the fiscal cliff. and that shows all this back and forth isn't doing house gop any good. we're back after the break. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. rich, chewy caramel rolled up in smooth milk chocolate. don't forget about that payroll meeting. rolo.get your smooth on. also in minis. [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh this looks amazing! [ male announcer ] our new maine stays! 15 entrees under $15 seafood, chicken and more! oo! the tilapia with roasted ve
if we go over the fiscal cliff. and that shows all this back and forth isn't doing house gop any good. we're back after the break. alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question...
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Dec 7, 2012
12/12
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we do know that in the third quarter the fiscal cliff did contribute to a decline in investment. althoughmanufacturing was weakened. it's not justified by the underlying fundamentals. you have to believe that part of that is due to the uncertainty of the fiscal cliff. and we've seen a number of companies coming out saying we're not firing but we're delaying hiring and delaying investment projects. delays in an already weak economy, you don't want hesitation. it's a vicious cycle of hesitation and slow growth. kind of an opposite of what we saw in the '90s where you had certainty and caution thrown to the wind in robust growth. >> christine has one ear piece in, talking with us with the other ear. >> hurricane sandy, they say, did not affect the overall rate. they did not see that the overall rate was affected by hurricane sandy. the labor force declined a bid of 300,000 or so. retail trade was strong. construction was a little weaker. unchanged for the workweek, 43.4 hours. you still have long-time unemployed, an interesting number. that's been just stuck. >> yeah. >> that's 40%
we do know that in the third quarter the fiscal cliff did contribute to a decline in investment. althoughmanufacturing was weakened. it's not justified by the underlying fundamentals. you have to believe that part of that is due to the uncertainty of the fiscal cliff. and we've seen a number of companies coming out saying we're not firing but we're delaying hiring and delaying investment projects. delays in an already weak economy, you don't want hesitation. it's a vicious cycle of hesitation...
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Dec 7, 2012
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it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way through the pacific and a little girl who died as a result of an atomic bombing. it is unimaginable what that must of been like to be close to that center were that fireball originated. >> follow the journey to hiroshima sunday on american history tv. that is the 9:00 p.m. eastern. >> at a hearing on the so-called fiscal cliff, economists agree the problem has to be resolved immediately to avoid pushing the country into recession. they disagreed on how to raise the needed revenue. center bob casey chairs this joint economic committee hearing. it is an hour an
it is part of the so-called fiscal cliff. tomorrow morning we will look at the expiring unemployment benefits. or first guest is josh boak. "washington journal" is live every day on c-span at 7:00 a.m. eastern. >> the chiefs of staff had to make the plan for the invasion of japan without considering the atomic bomb. it was estimated that it would cost $750,000. 500,000 would be maimed for life. >> i choose to honor both the sacrifice of american servicemen find their way...
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Nov 29, 2012
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how are the traders relating to thithis back and forth on the fiscal cliff. nicole: is here and does a good job of delving into that. >> it depends on who is coming out before the cameras are down, washington, d.c. down in washington, d.c., depends on what is coming out. they're telegraphing their signals pretty readily through the dissemination of the information we get in the various sources. your talk about the fact is they key time for cash management pertaining to companies that are all rushing to accelerate the dividend payout. >> it is extraordinary to look at the movement. the proposals are for dividends to go from 50% in the higher earners up to 40%. what we are seeing is a lot of cash flows to the shareholders and for the into projects and employment. people are trying to take advantage and that is what we are doing with the dividend payers. nicole: you always do a good job giving us insight in the latest and greatest on wall street. back to you guys. ashley: thank you so much, nicole. tracy: she is not wrong though. the board for social deals like
how are the traders relating to thithis back and forth on the fiscal cliff. nicole: is here and does a good job of delving into that. >> it depends on who is coming out before the cameras are down, washington, d.c. down in washington, d.c., depends on what is coming out. they're telegraphing their signals pretty readily through the dissemination of the information we get in the various sources. your talk about the fact is they key time for cash management pertaining to companies that are...
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Nov 29, 2012
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you know, as the fiscal cliff discussion approaches in washington, there is a lot of talk about budget cutting. do you worry about in this era of austerity that less money is going to be spent on things, important things like worker safety? >> i think we should all be deeply worried about that, because the risk of spending less on safety is going to result in people being maimed, disfigured hurt, killed on the job, where it doesn't have to happen, the disaster at the upper big ben mine wasn't an accident. it was the result of a willful disregard of health and safety and a failure to enforce that effectively. in an era of budget cutting we risk repeating that. >> well, there were some other -- there was other news today out on the industrial front, which is we also learned that two b.p., british petroleum rig supervisors and former beep executive pleaded inning from charges stemming from the 2010 deep water horizon rig disaster. they claim their scapegoats for higher ups like former c.e.o. tony hayward. b.p. had fines on the civil side. do you think that they were being scapegoated? do
you know, as the fiscal cliff discussion approaches in washington, there is a lot of talk about budget cutting. do you worry about in this era of austerity that less money is going to be spent on things, important things like worker safety? >> i think we should all be deeply worried about that, because the risk of spending less on safety is going to result in people being maimed, disfigured hurt, killed on the job, where it doesn't have to happen, the disaster at the upper big ben mine...
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Dec 4, 2012
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fiscal cliff. coming up next, i'll talk with a hard-line conservative and let's ask him if he supports his party's proposal. congressman tom price is standing by. but first, as americans worry about what happens after the first of next year, cnn is giving you free advice about your savings account. >>> here on the help desk, we're talking about putting your money to work. with me this hour are greg olson and carmen wong ulrich. tova had a question about her savings. >> it is earning dreadfully low interest for numerous years. and is there anywhere that i can put my money that it's going to do any better? >> and that's going to be like that for a while with the fed doing its thing, right? >> absolutely. i don't think this is a bad thing. if this is your cash emergency savings that you cannot risk, basically what you're paying is very small opportunity cost. like insurance. so let's say you're earning 1% on your savings, right, inflation is eating away at it a little bit. it is certainly a lot lower
fiscal cliff. coming up next, i'll talk with a hard-line conservative and let's ask him if he supports his party's proposal. congressman tom price is standing by. but first, as americans worry about what happens after the first of next year, cnn is giving you free advice about your savings account. >>> here on the help desk, we're talking about putting your money to work. with me this hour are greg olson and carmen wong ulrich. tova had a question about her savings. >> it is...